“The correlation between electricity systems dependent on the weather and obscene power prices is pretty clear.”
Excellent post STT. TQ
A MUST READ piece by The Australian’s Judith Sloan explains the RET “green-energy” fuel-poverty debacle that has infected Australian politicians, helping to destroy business and hurt the poor.
Minister should be red-faced over green schemes
22 August 2017
Australia’s self-inflicted energy crisis is the product of an obsessive ideology, wedded to the nonsensical belief that modern economies can be powered by sunshine and breezes.
The Federal Energy and Environment Minister, Josh Frydenberg never ceases to disappoint. His ignorance is only matched by his lack of shame.
In the week just gone, Josh put forward an op-ed in The Australian, peddling the myth that Australia’s power pricing and supply calamity is the product of everything except alien forces and the Large-Scale Renewable Energy Target: a market distorting, $3 billion a year subsidy scheme to wind and solar outfits, paid for by all Australian power consumers.
The article is so peppered with delusion and myth, that we don’t propose reproducing it here. Subscribers to The Australian with a masochistic streak can find it here.
Instead, we’ll turn over to The Australian’s Economics Editor-in-chief, Judith Sloan for her stinging rebuke…
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